Andina Capital Management LLC Buys 96 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Andina Capital Management LLC increased its position in IES Holdings, Inc. (NASDAQ:IESC) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,496 shares of the technology company’s stock after acquiring an additional 96 shares during the period. Andina Capital Management LLC’s holdings in IES were worth $498,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in shares of IES in the 1st quarter worth $48,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of IES by 5,687.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,794 shares of the technology company’s stock valued at $218,000 after purchasing an additional 1,763 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of IES during the 1st quarter valued at about $505,000. Peterson Wealth Services boosted its holdings in shares of IES by 151.8% during the 1st quarter. Peterson Wealth Services now owns 6,937 shares of the technology company’s stock valued at $844,000 after purchasing an additional 4,182 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of IES by 31.1% during the 1st quarter. BNP Paribas Financial Markets now owns 20,727 shares of the technology company’s stock valued at $2,521,000 after buying an additional 4,913 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Price Performance

Shares of NASDAQ IESC traded down $0.42 during mid-day trading on Tuesday, hitting $210.89. 15,577 shares of the company’s stock traded hands, compared to its average volume of 132,612. The company’s 50-day moving average is $190.12 and its two-hundred day moving average is $161.99. The company has a market capitalization of $4.27 billion, a P/E ratio of 31.87 and a beta of 1.38. IES Holdings, Inc. has a 1 year low of $60.32 and a 1 year high of $234.81.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, August 2nd. The technology company reported $2.67 earnings per share for the quarter. IES had a net margin of 6.30% and a return on equity of 34.38%. The company had revenue of $768.40 million for the quarter.

IES declared that its board has initiated a share buyback plan on Friday, August 2nd that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 5.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $160.61, for a total value of $8,152,242.38. Following the sale, the chief executive officer now directly owns 11,134,087 shares of the company’s stock, valued at $1,788,245,713.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $160.61, for a total transaction of $8,152,242.38. Following the transaction, the chief executive officer now directly owns 11,134,087 shares of the company’s stock, valued at approximately $1,788,245,713.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David B. Gendell sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $187.26, for a total transaction of $1,872,600.00. Following the transaction, the director now directly owns 127,976 shares in the company, valued at approximately $23,964,785.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 160,966 shares of company stock valued at $26,003,099 in the last ninety days. 59.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of IES from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd.

IES Company Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.